The median list price for homes in Los Angeles is currently $1,650,000. Our Market Action Index (MAI) is at 39, slightly down from last month's 40. This suggests that the market has been cooling off gradually.
Inventory has increased to 1,520 homes available for sale. This rise in inventory, along with the drop in the MAI, indicates that prices have plateaued for a while. Despite the consistent decrease in the MAI, we’re still in a Seller’s Market. Here’s what you should watch for:
If the MAI starts climbing again, it could indicate increased demand, likely pushing prices up.
If the MAI continues to drop or moves into the Buyer’s zone (below 30), we might see downward pressure on prices.
